Mitsuboshi Belting (TSE:5192) ROE %: 7.02% (As of Mar. 2026) — 11% Below Median


TSE:5192 Mitsuboshi Belting Ltd TSE:5192
87 GF Score
Price 円3,940.00
GF Value 円4,366.96
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Mitsuboshi Belting ROE %?

Mitsuboshi Belting TSE:5192 -0.51% 87 ROE % is 7.02% as of Mar. 2026, which is 11% below its 10-year median of 7.92. GuruFocus rates TSE:5192 with a GF Score™ of 87/100 and a GF Value™ of 円4,366.96 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 3,004 Industrial Products companies, Mitsuboshi Belting ranks better than 57.32% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mitsuboshi Belting's annualized net income for the quarter that ended in Mar. 2026 was 円7,084 Mil. Mitsuboshi Belting's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円100,971 Mil. Therefore, Mitsuboshi Belting's annualized ROE % for the quarter that ended in Mar. 2026 was 7.02%.

The historical rank and industry rank for Mitsuboshi Belting's ROE % or its related term are showing as below:

TSE:5192' s ROE % Range Over the Past 10 Years
Min: 5.41   Med: 7.92   Max: 10.84
Current: 7.54

During the past 13 years, Mitsuboshi Belting's highest ROE % was 10.84%. The lowest was 5.41%. And the median was 7.92%.

TSE:5192's ROE % is ranked better than
57.32% of 3004 companies
in the Industrial Products industry
Industry Median: 5.865 vs TSE:5192: 7.54

Mitsuboshi Belting  (TSE:5192) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=7084/100971
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7084 / 93340)*(93340 / 130902)*(130902 / 100971)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.59 %*0.7131*1.2964
=ROA %*Equity Multiplier
=5.41 %*1.2964
=7.02 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=7084/100971
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (7084 / 9272) * (9272 / 8368) * (8368 / 93340) * (93340 / 130902) * (130902 / 100971)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.764 * 1.108 * 8.97 % * 0.7131 * 1.2964
=7.02 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Mitsuboshi Belting ROE % Related Terms


Mitsuboshi Belting ROE % Historical Data

* Premium members only.

The historical data trend for Mitsuboshi Belting's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mitsuboshi Belting ROE % Chart

Mitsuboshi Belting Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.73 8.11 7.64 9.34 7.49

Mitsuboshi Belting Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.19 8.70 7.51 7.05 7.02

TSE:5192 vs GEV, ETN, PH: ROE % Comparison

For the Specialty Industrial Machinery subindustry, Mitsuboshi Belting's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mitsuboshi Belting ROE % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsuboshi Belting's ROE % distribution charts can be found below:

* The bar in red indicates where Mitsuboshi Belting's ROE % falls into.


TSE:5192
87GF Score
Mitsuboshi Belting Ltd TSE:5192
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsuboshi Belting ROE % Calculation

Mitsuboshi Belting's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=7392/( (95784+101618)/ 2 )
=7392/98701
=7.49 %

Mitsuboshi Belting's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=7084/( (100324+101618)/ 2 )
=7084/100971
=7.02 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 7.02% mean?
Mitsuboshi Belting (TSE:5192) has a ROE % of 7.02% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mitsuboshi Belting and its competitors. This is 11% below median its historical median of 7.92. Over the past decade, Mitsuboshi Belting's ROE % has ranged from 5.41 to 10.84. According to the industry distribution chart, Mitsuboshi Belting ranks #1282 out of 3004 companies in the Industrial Products industry, placing it in the top 42.7%.
Is Mitsuboshi Belting's ROE % too high?
Mitsuboshi Belting's current ROE % of 7.02% is 11% below median its 10-year median of 7.92. Over the past 10 years, this metric has ranged from a low of 5.41 to a high of 10.84. The Industrial Products industry median ROE % is 5.87. Mitsuboshi Belting's value of 7.02% is 19.7% above this industry median. Based on the distribution chart, Mitsuboshi Belting ranks #1282 out of 3004 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Mitsuboshi Belting has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mitsuboshi Belting's ROE % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mitsuboshi Belting ranks #1282 out of 3004 companies for ROE %. This puts Mitsuboshi Belting in the upper half of its industry. The industry median ROE % is 5.87. Mitsuboshi Belting's value of 7.02% is 19.7% above this benchmark. Historically, Mitsuboshi Belting's own ROE % has ranged from 5.41 to 10.84 over the past decade. While the company's 10-year median is 7.92 vs. the industry median of 5.87, Mitsuboshi Belting has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Industrial Products company?
The median ROE % among Industrial Products companies is 5.87, based on 3,004 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mitsuboshi Belting's current ROE % of 7.02% is 19.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mitsuboshi Belting and its competitors. For the Industrial Products industry, the median ROE % is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsuboshi Belting's current ROE % is 7.02%, which is 11% below median its own 10-year median of 7.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsuboshi Belting stock overvalued right now?
Based on GuruFocus' analysis, Mitsuboshi Belting (TSE:5192) is currently considered Modestly Undervalued. The stock's GF Value™ is 円4,366.96, compared to a current price of 円3,940.00 — trading 9.8% below its estimated fair value. The current ROE % is 7.02%, which is 11% below median its 10-year median of 7.92 and 19.7% above the Industrial Products industry median of 5.87. Mitsuboshi Belting's overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Mitsuboshi Belting (TSE:5192), the current ROE % is 7.02% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mitsuboshi Belting (TSE:5192) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsuboshi Belting stock appears to be undervalued. The current stock price of 円3,940.00 is trading 9.8% below its estimated GF Value™ of 円4,366.96. GuruFocus considers Mitsuboshi Belting to be Modestly Undervalued.

Key valuation signals for TSE:5192:

  • ROE %: 7.02% (11% below median its 10-year median of 7.92)
  • GF Value™: 円4,366.96 vs. price of 円3,940.00 (9.8% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 19.7% above the Industrial Products median (#1282 of 3004)

No single metric tells the full story. See the TSE:5192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsuboshi Belting Business Description

Address 4 - 1 21 Hamazoe dori, Nagata ku, Hyogo-ken, JPN, 6530024
Mitsuboshi Belting Ltd is involved in the business of Power transmission belts and related products, Conveyor belts and systems and related products, Engineering plastics, Engineering structural foam, Waterproofing and Watershielding sheet, Metal nanoparticle related products. Its products include automobile and motorcycle transmission belts, general industrial transmission belts, pulleys, conveyer belts, systems, engineering plastic materials and processed products, waterproofing materials for construction etc.
87GF Score

Get the complete analysis for TSE:5192

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円3,940.00
Price
円4,366.96
GF Value